Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses and Other Current Liabilities (Tables)

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Accrued Expenses and Other Current Liabilities (Tables)
6 Months Ended
Jun. 30, 2016
Payables and Accruals [Abstract]  
Schedule Of Accrued Expenses And Other Current Liabilities

As of June 30, 2016 and December 31, 2015, Accrued Expenses and Other Current Liabilities were comprised of the following:

 

    June 30, 2016     December 31, 2015  
Accrued interest payable[1]   $ 836,404     $ 817,452  
Accrued dividends payable     490,913       451,133  
Accrued compensation expense[2]     2,063,118       2,015,277  
Other accrued expense     179,419       295,083  
Accrued expenses, current   $ 3,569,854     $ 3,578,945  

 

[1] Accrued interest payable includes approximately $300,000 of estimated penalties and interest associated with the unpaid payroll taxes as of June 30, 2016 and December 31, 2015, respectively.

 

[2] Accrued compensation expense includes $1,863,031 of unpaid payroll taxes for the period ended June 30, 2016 and December 31, 2015, respectively.